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Please answer it (COMPLETELY) all of the activities. Answer it with Activity Titles/Numbers so we know which page are those answers. Answer it with a
Please answer it (COMPLETELY) all of the activities.
Answer it with Activity Titles/Numbers so we know which page are those answers.
Answer it with a good handwriting so we'll understand too.
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UC Activity 2. Preparation of Statement of Cash Flows Using Direct Method. Provide the necessary requirement in the following cases. Case 1. Juana's sari-sari store had the following transactions during the year. Purchase of goods. Paid cash 100,000 Sale of goods. Received cash. 150,000 Paid utilities 30,000 Paid rent 10,000 Sold equipment for cash 100,000 Owner withdraws Investment 10,000 Required: Prepare the Statement of Cash flows using direct method Case 2. Face Shield Corp. comparative balance sheets, income statement, and additional information follow: a. Equipment costing $21,375 with accumulated depreciation of $11,100 is sold for cash. b. Equipment purchases are for cash. c. Accumulated Depreciation is affected by depreciation expense and the sale of equipment d. The balance of Retained Earnings is affected by dividend declarations and net income. e. All sales are made on credit UCNHS LR | FABM2 AS | Page 53 All merchandise inventory purchases are on crede Accounts Payable balances result from merchandise inventory purchases Prepaid expenses relate to other operating expenses. Den 1818 For foarted December 24, 2011 4 PIE. Room 25. PHP LE om D P2.00 PM . 3.300 13 Las 16.12 3 Required: Prepare the Statement of Cash flows using Direct Method Activity 2. Preparation of Statement of Cash Flows Using indirect Method. Provide the necessary requirement in the following cases Case 1. Prepare the Cash Flow Statement of Teresa's Divery Services using the following: 0.00 Required. Prepare the Statement of Cash Flows using the Indirect method Case 2 Using the information in Activity 2 Case 2 Face Shield Company, prepare a statement of cash flows using indirect method UCHASER FABMZA Page 54 UC Activity 2. Preparation of Statement of Cash Flows Using Direct Method. Provide the necessary requirement in the following cases. Case 1. Juana's sari-sari store had the following transactions during the year. Purchase of goods. Paid cash 100,000 Sale of goods. Received cash. 150,000 Paid utilities 30,000 Paid rent 10,000 Sold equipment for cash 100,000 Owner withdraws Investment 10,000 Required: Prepare the Statement of Cash flows using direct method Case 2. Face Shield Corp. comparative balance sheets, income statement, and additional information follow: a. Equipment costing $21,375 with accumulated depreciation of $11,100 is sold for cash. b. Equipment purchases are for cash. c. Accumulated Depreciation is affected by depreciation expense and the sale of equipment d. The balance of Retained Earnings is affected by dividend declarations and net income. e. All sales are made on credit UCNHS LR | FABM2 AS | Page 53 All merchandise inventory purchases are on crede Accounts Payable balances result from merchandise inventory purchases Prepaid expenses relate to other operating expenses. Den 1818 For foarted December 24, 2011 4 PIE. Room 25. PHP LE om D P2.00 PM . 3.300 13 Las 16.12 3 Required: Prepare the Statement of Cash flows using Direct Method Activity 2. Preparation of Statement of Cash Flows Using indirect Method. Provide the necessary requirement in the following cases Case 1. Prepare the Cash Flow Statement of Teresa's Divery Services using the following: 0.00 Required. Prepare the Statement of Cash Flows using the Indirect method Case 2 Using the information in Activity 2 Case 2 Face Shield Company, prepare a statement of cash flows using indirect method UCHASER FABMZA Page 54Step by Step Solution
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